Why is it so important that GU hold yesterday's low? B/C if a new low is formed on 1h TF, it will be the first leg in the zig-zag pattern to the downside. image image

Coreg's EW+HP+D/W Range

Georginson, why do you call them scumbags if thousands of people around the world with sound technical analysis skills knew that such an outcome was possible? (dropping to 75k) image image

Cable Update (GBPUSD)

If the channel's upper TL breaks below 1.3628, it means the (v) wave is in place, and 1.3540 is in play. Most likely, we can forget about the BPC (breakout, pullback, continuation) setup for now. image

Coreg's EW+HP+D/W Range

Still waiting for 1.3653 to be hit.

Coreg's EW+HP+D/W Range

Watch 1.3653 for today. Maybe, just maybe, GU will have the day of the horse.

Coreg's EW+HP+D/W Range

Waveskie, decision time is coming...

Coreg's EW+HP+D/W Range

After a low marked by the arrow broke, the focus shifted to the AB=CD pattern reached overnight. Minimum for the day achieved @1.3727.

Coreg's EW+HP+D/W Range

As long as YL holds, bearish butterfly pattern @1.3904 is in play. On the downside, AB=CD @1.3727 is the target. image 1.3790 acts as a solid support on the daily chart for now. image

Coreg's EW+HP+D/W Range

Update before potential storm...

Coreg's EW+HP+D/W Range

Decision time is coming. Remember the interest rate announcement today.

Coreg's EW+HP+D/W Range

1.3800 is a serious resistance zone for today. Daily ranges are wide lately. Daily chart for the CIC members who visit my thread incognito to find out what to do next. You're welcome. image and the intra-day chart for day traders. image

Coreg's EW+HP+D/W Range

Meathead, do you know who is teaching your ex-girlfriend how to trade the gold now? Disclaimer: I come here to say my piece and leave until next time. I don't wrestle with the PIG$ in the mud b/c bee doesn't waste energy convincing ...

Cable Update (GBPUSD)

Nice run on Friday. GU made the biggest daily range since April 28 of last year, 166.6 pips. If wave (iii) is in place (today's high at 1.3684), we can expect a drop to at least 1.3637-1.3627, a shallow zone, or 1.3610-1.3583, a regular zone for ...

Coreg's EW+HP+D/W Range

Update...enjoy your weekend.

Coreg's EW+HP+D/W Range

On the daily TF, the 1.3582 level is an important one, although I can't say with a great deal of certainty if it's the end of wave C or 5 because of many retracements in the b-c leg.

Coreg's EW+HP+D/W Range

GU is approaching a solid resistance zone for today between 1.3535 and 1.3555. The weekly ATR level was also reached. It doesn't mean that counter-trend trade will be fast-paced. Plenty of support around 1.3500.

Coreg's EW+HP+D/W Range

Afternoon update...

Coreg's EW+HP+D/W Range

The first resistance zone for today is between 1.3435 and 1.3449. If the market goes down, we should target 1.3367 image

Coreg's EW+HP+D/W Range

Scalping opportunity during the NY session between 1.3441 and 1.3475 as long as GU remains in this range.

Coreg's EW+HP+D/W Range

The rest of the day might not be smooth b/c objective for the day was already reached (yellow box-DRE- with R2 and 120%ATR)

Coreg's EW+HP+D/W Range